We took in about $300k in new money in q1 ’14. Thank you to both long-time and new clients for your trust and confidence. Our Top 5 equity positions performed pretty well in q1 ’14. Although we don’t download index … Continued
What we bought last week: we added to the Inverse Treasury TBF, and also added to Micron Technology (MU) in small quantities on Friday, added to Whole Foods (WFM) near long-term support at $50, added to Twitter in small quantities, … Continued
Per Thomson Reuter’s This Week in Earnings, the “forward 4-quarter” earnings estimate for the SP 500 fell $0.16 last week to $118.65 from $118.81. The p.e ratio on the forward estimate now 15.6(x), which is slightly higher than what Factset … Continued
Consumer Discretionary has long been a market leadership sector, representing about 12% of the SP 500 by market cap. The appeal for institutional investors is obvious: you get to own some of the world’s great brands (and growth stocks), like … Continued
Strange action in the markets last week, with Chairwoman Yellen being accused of a “gaffe” by some of the financial media, while I simply thought she was being honest. You would think that with all the weeping and gnashing of … Continued